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Last Updated : Nov 25, 2016 12:46 PM IST | Source: CNBC-TV18

Stocks in news: SBI, Videocon, Jagran Prakashan, Talwalkars, GMR

SBI | Videocon Industries | Jagran Prakashan | Talwalkars | Vardhman Textiles | GMR | Piramal Enterprises | IDFC | Adani Power | RS Software and Suven Life are stocks, which are in the news today.

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Todays L/H

Here are stocks that are in news today:

Results today: Balaji Telefilm, Bata India, BEML, Borosil Glass, Godawari Power, Hathway Cable, Indo Count, Navkar Corp, RCL Foods, Shilpa Medicare, SpiceJet, Tide Water Oil, Uflex, Waterbase

Suven Life Q2
-Net profit up 5.2 percent at Rs 26.5 crore versus Rs 25.2 crore (YoY)
-Total income down 1.2 percent at Rs 115.5 crore versus Rs 116.9 crore (YoY)
-EBITDA up 18.1 percent at Rs 36.8 crore versus Rs 31.2 crore (YoY)
-EBITDA margin at 31.9 percent versus 26.7 percent (YoY)
-CRAMS (contract research and manufacturing services) is a lumpy business
-Growth in Q2 profit better due to the product mix
-EBITDA margin could improve by couple of percentage points


RS Software
-Cancels ‘restrictive’ deal with VISA
-More than 90 percent of revenue comes from VISA

Adani Power
-Adani Group aims to build 1,500MW of solar plans in Australia
-The estimated cost is at USD 148 million

Other stocks and sectors that are in news today:
-SBI fixes price at Rs 269.59 per share for issue of 21 crore shares to government on preferential basis
-Sterlite Technologies - CRISIL upgrades long term rating from A+ to AA- and short term rating from A1 to A1+
-Indo Tech Transformers - India Ratings & Research affirmed long term rating of BBB- and short term rating of A3
-Union Bank Of India issued non-convertible debentures (NCDs) worth Rs 750 crore
-Jagran Prakashan approved IPO of subsidiary – Music Broadcast worth Rs 400 crore
-UltraTech Cement proposal to issue NCDs worth Rs 250 crore
-Prism Cement board meeting on November 30 to consider issue of NCDs
-Pennar Industries invested further Rs 49.5 crore in Pennar Renewables
-Talwalkars approved demerger of gym business from Talkwalkars Better Value Fitness to Talkwalkars Lifestyle
-Vardhman Textiles approves buyback worth Rs 720 crore at maximum price of Rs 1175 per share
-GMR likely to revise plan for IGI mall space auction
-Piramal Enterprises in focus - Piramal fund management has sanctioned Rs 360 crore for realty firm Ozone Group
-JSW Group plans to make electric cars
-BNP Paribas completes acquisition of Sharekhan (IDFC owns Sharekhan)
-Videocon Industries may exit insurance JV with US Liberty Mutual

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First Published on Nov 25, 2016 08:01 am
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